Hi everybody. I have never posted before but thought this might be of interest. I`m long a few cmkx. Good luck to us all.
Chromium is mined as chromite (FeCr2O4) ore. Chromium is obtained commercially by heating the ore in the presence of aluminum or silicon. Roughly half the chromite ore in the world is produced in South Africa. Kazakhstan, India and Turkey are also substantial producers. Untapped chromite deposits are plentiful, but geographically concentrated in Kazakhstan and southern Africa. Approximately 15 million tons of marketable chromite ore were produced in 2000, and converted into approximately 4 million tons of ferro-chrome with an approximate market value of 2.5 billion US dollars.
Though native chromium deposits are rare, some native chromium metal has been discovered. The Udachnaya Mine in Russia produces samples of the native metal. This mine is a kimberlite pipe rich in diamonds, and the reducing environment so provided helped produce both elemental chromium and diamond.
If it sounds too good to be true, it could get even better.
